đá bóng trực tiếpDoes a enterprise need to issue e-invoices for goods used as salary payment to employees in Vietnam?

Does a enterpriseissue e-invoices for goods used as salary payment to employees in Vietnam?

Based on Clause 1, Article 4 ofDecree 123/2020/ND-CPregulating the principles of issuing, managing, đá bóng trực tiếp using invoices đá bóng trực tiếp documents as follows:

Principles of issuing, managing, đá bóng trực tiếp using invoices đá bóng trực tiếp documents

1. When selling goods or providing services, the seller must issue an invoice to deliver to the buyer (including cases where goods or services are used for promotion, advertisement, samples; goods or services are used for gifts, exchange, payment in replacement of wages for employees đá bóng trực tiếp internal consumption (excluding goods in internal circulation for continued production processes); dispatching goods in the form of lending or return goods) đá bóng trực tiếp must fully record the contents as prescribed in Article 10 of this Decree; in the case of using e-invoices, it must follow the standard data format of the tax authority as prescribed in Article 12 of this Decree.

2. When deducting personal income tax, collecting taxes, fees, charges, the tax deduction organization, the fee collection organization, the tax-collecting organization must issue tax deduction documents, tax, fee, charge collection receipts to the individuals whose income is tax-deducted, the taxpayers, đá bóng trực tiếp must fully record the contents as prescribed in Article 32 of this Decree. In the case of using e-receipts, the format must adhere to the standard data format of the tax authority. If an individual authorizes the tax settlement, no personal income tax deduction document is issued.

For individuals who do not sign labor contracts or sign labor contracts under 03 months, the organization or individual paying income can choose to issue a tax deduction document for each tax deduction or issue one document for multiple tax deductions in a tax period. For individuals signing labor contracts of 03 months or more, the organization or individual paying income only issues one tax deduction document per tax period.

3. Before using invoices đá bóng trực tiếp receipts, enterprises, economic organizations, other organizations, households, individual businesses, đá bóng trực tiếp organizations collecting taxes, fees, đá bóng trực tiếp charges must register the use with the tax authority or issue a release notice as prescribed in Articles 15, 34, đá bóng trực tiếp Clause 1 Article 36 of this Decree. For invoices đá bóng trực tiếp receipts printed by the tax authority, the tax authority issues a release notice according to Clause 3 Article 24 đá bóng trực tiếp Clause 2 Article 36 of this Decree.

4. Organizations, households, đá bóng trực tiếp individual businesses must report the use of invoices purchased from tax authorities, report the use of printed, self-printed, or purchased receipts from tax authorities in accordance with Articles 29, 38 of this Decree.

5. The registration, management, đá bóng trực tiếp use of e-invoices đá bóng trực tiếp documents must comply with regulations on e-transactions, accounting, tax, tax administration, đá bóng trực tiếp regulations stated in this Decree.

6. Invoice đá bóng trực tiếp document data when selling goods, providing services, document data when conducting transactions of tax payment, tax deduction, đá bóng trực tiếp paying taxes, fees, đá bóng trực tiếp charges are the database to serve tax management tasks đá bóng trực tiếp provide invoice đá bóng trực tiếp document information to relevant organizations đá bóng trực tiếp individuals.

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Thus, according to the above provisions, when a enterprise uses goods as salary payment to employees, it still must issue an invoice.

Does aenterpriseneed to issuee-invoicesfor goods used as salary payment to employees in Vietnam?(Image from the Internet)

What are prohibited acts related to invoices in Vietnam?

According to Article 5 ofDecree 123/2020/ND-CP, the prohibited acts related to invoices are as follows:

- For tax officials

+ Causing inconvenience or difficulty for organizations or individuals purchasing invoices or documents;

+ Having acts of covering up or colluding to allow organizations or individuals to use illegal invoices or documents;

+ Accepting bribes during inspections or audits regarding invoices.

- For organizations đá bóng trực tiếp individuals selling or providing goods đá bóng trực tiếp services, đá bóng trực tiếp related organizations or individuals

+ Engaging in fraudulent acts such as using illegal invoices or illicitly using invoices;

+ Obstructing tax officials in performing their duties, specifically acts that damage the health đá bóng trực tiếp dignity of tax officials during the inspection or audit of invoices đá bóng trực tiếp documents;

+ Unauthorized access, alteration, or destruction of information systems on invoices đá bóng trực tiếp documents;

+ Offering bribes or conducting other acts related to invoices đá bóng trực tiếp documents for illicit gain.

What are regulations onthe storage đá bóng trực tiếp retention of e-invoices in Vietnam?

According to Article 6 ofDecree 123/2020/ND-CP, regulations on the storage đá bóng trực tiếp retention of e-invoices are as follows:

- Invoices đá bóng trực tiếp documents must be stored đá bóng trực tiếp retained ensuring:

+ Safety, confidentiality, integrity, completeness, đá bóng trực tiếp no changes or deviations during the retention period;

+ Proper đá bóng trực tiếp sufficient retention term according to accounting law.

- e-invoices đá bóng trực tiếp documents must be stored đá bóng trực tiếp retained by e-means. Agencies, organizations, đá bóng trực tiếp individuals have the right to choose đá bóng trực tiếp apply suitable methods for preserving đá bóng trực tiếp storing e-invoices đá bóng trực tiếp documents in line with their operational characteristics đá bóng trực tiếp technological capabilities. e-invoices đá bóng trực tiếp documents must be readily printable or accessible when requested.

- Invoices printed by the tax authority or self-printed documents must be stored đá bóng trực tiếp retained as follows:

+ Unissued invoices đá bóng trực tiếp documents must be retained in warehouses according to document retention policies with value.

+ Issued invoices đá bóng trực tiếp documents in accounting units must be retained as per regulations concerning the retention đá bóng trực tiếp storage of accounting documents.

+ Issued invoices đá bóng trực tiếp documents in organizations, households, đá bóng trực tiếp individuals who are not accounting units must be retained đá bóng trực tiếp stored as the personal assets of those organizations, households, or individuals.